A flat tax is a system where everyone pays the same tax rate, regardless of their income. A progressive tax is a system where the tax rate increases as income increases.
The main pro of a flat tax is that it is simple and easy to understand. The main con is that it can be regressive, as it disproportionately affects low-income individuals.
The main pro of a progressive tax is that it is more fair, as the wealthy pay a higher percentage of their income in taxes. The main con is that it can be more complex and hard0er to understand.
The main pro of a flat tax is that it is simple and easy to understand. The main con is that it can be regressive, as it disproportionately affects low-income individuals.
The main pro of a progressive tax is that it is more fair, as the wealthy pay a higher percentage of their income in taxes. The main con is that it can be more complex and hard0er to understand.
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